Settings8H · net · $10k
Funding arb · Price arb /

BANK

all BANK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0384%/8h= −42.1% APRnext payment $1.92 per $10,000 · paid last 24h +0.003%
Price spread now: edgeX against Bybit−0.039%71s7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2202.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.039%, 7d avg −0.105%
Together, before fees+0.179%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.066% dearer against Bybit than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.105%): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BANKUSDT0.034520.0582pay 0.0291% / 4h3h 16m$2.8M$6.4M20x
ShortedgeX BANKUSDC0.034510.0198get 0.0099% / 4h3h 16m$1K$246K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$80.68
Price spread: −0.039% → −0.105%
$6.6
Slippage, 4 orders
−$199.9
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$293.97
Costs to cover
2.199%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 36 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago1.45 bp28.7 bp −$29276.0 bp −$2,760doesn't fitdoesn't fit
Sell edgeX live order book, 36 min ago7.18 bp83.1 bp −$83doesn't fitdoesn't fitdoesn't fit

BANK on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BANKUSDT+0.0100%4h0.03451−0.022%$54K$95K5xas long as short
Gate BANK_USDT+0.0100%4h0.034520.000%$716K$1.3M10xas long as short
KuCoin BANKUSDTM+0.0100%4h0.03449−0.087%$1.2M$161K50xas long as short
HTX BANK-USDT+0.0100%4h0.03453+0.029%$39K$233K20xas long as short
MEXC BANK_USDT+0.0188%4h0.03444−0.232%$2.5M$533K20xas long as short
Binance BANKUSDT+0.0197%4h0.03445−0.210%$7.5M$31.0M50xas long as short
edgeX BANKUSDCshort+0.0198%4h0.03451−0.039%$1K$246K5x
BloFin BANK-USDT+0.0429%4h0.03456+0.116%$439K$77K50xas long as short
Bybit BANKUSDTlong+0.0582%4h0.03452long leg$2.8M$6.4M20x
Bitget BANKUSDT+0.0682%4h0.03451−0.029%$2.8M$3.5M25xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BANK-USDT+0.0768%4h0.03451−0.029%$6.9Mas long as short